THE HONG KONG WATCH AUCTION: FIVE [Catalogue]

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The present piece is one of the most breathtaking specimens of the iconic reference 2523, by far the most appreciated, elegant, collectible and sought-afer world-time model ever produced by any manufacturer. Beyond the appeal of the reference in itself, this example sports three extremely remarkable features. First and foremost, its case is preserved in absolutely unspoiled condition. The design of this reference is characterized by the angular and faceted lugs raised above the bezel. Obviously, such a detail is easily spoiled by even the lightest polishing, and to be able to behold - let alone to own - such a spectacularly preserved piece truly is a once-in-a-lifetime opportunity. Secondarily, its dial is ftted with an engine-turned decoration. So far, only two other yellow gold 2523 are known with a similar dial, thus making this variation the rarest of them all for a yellow gold case, together with the blue enamel décor. It is also interesting to note how the guillochage found on ref. 2523 is diferent than the one found on ref. 2523/1: 2523 presents gilt engine-turning rather than silver, and with a more elaborate design, featuring a satin ring with roman and baton numerals framing the engine-turned centre. Last, but not least, the present piece was retailed by famed French jeweler Jean Guillermin and it features on the case back, absolutely unspoiled and perfectly recognizable, not only the two French import marks (the “Owl”), but also the stamp of the retailer itself. It has to be underlined how unusual it is to fnd a two-crown world time – whether ref. 2523, or 2523/1 – signed by the retailer. Only two other examples are known from the market: a 2523 signed by Gobbi, and a 2523/1 signed by Tifany.

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